Distribuidora Internacional de Alimentacion SA · BME:DIA
Distribuidora Internacional de Alimentacion SA — Q3 2020 Earnings Presentation
19 slides from Distribuidora Internacional de Alimentacion SA's earnings presentation, Nov 11, 2020
Slide 1: 3Q 2020 Results Presentation
3Q 2020 Results Presentation 11TH NOVEMBER 2020
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements and information relating to Distribuidora Internacional de Alimentación, S.A. (DIA) and its subsidiaries that are based on the current beliefs of DIA’s management, key expectations and assumptions, as well as information currently avai
Slide 3: Agenda
3Q 2020 Key Highlights Agenda 9M 2020 Financial Review Closing Remarks 2
Slide 4: Continued positive topline
Continued positive topline and Adjusted EBITDA performance supported by ongoing group wide business transformation and improved financial position Strategic roadmap on track including rollout of updated and mutually beneficial franchise model well advanced in Spain and Portugal DIA ready to se
Slide 5: 3Q 2020 Key Highlights
3Q 2020 Key Highlights 4
Slide 6: Continued focus on transformation roadmap initiatives
Continued focus on transformation roadmap initiatives ASSORTMENT & STORE LAYOUT Spain: optimized assortment and store layout in 1,200 stores by year end. Ready-to- eat and new private label products now in store. Portugal: service frequency improved in 450 stores and on-going implementation of o
Slide 7: Transformation Update: DIA Franchise 2020 - New mutually beneficial model launched in Spain
Transformation Update DIA Franchise 2020 - New mutually beneficial model launched in Spain 1. STOCK ALWAYS AVAILABLE, SUPPORT AND PAYMENT FACILITIES DIA finances 50% of store’s stock interest free, other 50% is assumed by franchisee. Strong franchise team composed of a newly created regional man
Slide 8: Strong revenue and gross profit growth driving positive cash flow generation
Strong revenue and gross profit growth driving positive cash flow generation Key Highlights [€ million] Q3 2020 Q3 2019(1) Change (%) Net Sales up 2.5% thanks to ongoing transformation efforts, despite smaller store network and currency effects. Net Sales 1,679.2 1,638.3 2.5% Gross Profit up 80b
Slide 9: Continuing positive Like-for-Like evolution as transformation progresses
Continuing positive Like-for-Like evolution as transformation progresses 20% 14.9% 15% <860 bps 10% 6.3% Q3 2020 5% Like-for-Like evolution 2.6% >1,230 bps 0% -4.4% -5% -6.0% >860 bps -8.8% Lockdown -10% -11.4% -15% Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 July 2020 May November March Refinancing Capital increase
Slide 10: Positive Net Sales and Like-for-Like growth thanks to business transformation
Positive Net Sales and Like-for-Like growth thanks to business transformation Like-for- Key Highlights Net Sales Like(1) Spain maintained positive trend despite 8% fewer Change Q3 2020 Q3 2019 vs 3Q 2019 stores and less tourists in the peak holiday season. [€ million] (%) Spain 1,101.5 1,050.2 4.9
Slide 11: 9M 2020 Financial Review
9M 2020 Agenda Financial Review 10
Slide 12: Nine months performance follows 2020 trend with improved Adjusted EBITDA
Nine months performance follows 2020 trend with improved Adjusted EBITDA Key Highlights Net Sales up despite 7.6% fewer stores and P&L Summary [€ million] 9M 2020 9M 2019 Change (%) adverse currency effects. Net Sales 5,194.5 5,082.9 2.2% Gross Profit (as a % of Net Sales) up 1.7% to 21.7% despi
Slide 13: All countries contributing to improvement in Adjusted EBITDA
All countries contributing to improvement in Adjusted EBITDA Key Highlights Spain increased 100bps (as % of Net Sales) Adjusted EBITDA(1) [€ million] 9M 2020 9M 2019 Change (%) offsetting increased Opex, Covid-19 related costs Total Group 91.2 (39.7) n/a and legal contingency recognition. Portug
Slide 14: Positive Cash Flow from Operations and improved Trade Working Capital
Positive Cash Flow from Operations and improved Trade Working Capital 3Q 2020 Cash Flow Evolution[€ million] 17.8 0.5 27.2 (12.7) (20.1) (18.3) (0.1) 420.0 414.4 Cash BoP (1) CFFO (2) WC CAPEX Disposal of assets Interest Paid Debt Repayment Other Cash EoP (3) and others 9M 2020 Cash Flow Evolution[€
Slide 15: Net Financial Debt down and ample Liquidity levels
Net Financial Debt down and ample Liquidity levels Debt Maturity Profile [€ million] Available Liquidity [€ million] 1,200,000 24.6 1,000,000 62 800,000 600,000 131 414.4 400,000 200,000 232 0 1 year 2 years 3 years 4 years 5 years more than 5 years Non syndicate facilities & Others Bonds Cash & Cas
Slide 16: Balance Sheet - Improved Trade Working Capital
Balance Sheet - Improved Trade Working Capital [€ million] 9M 2020 FY 2019 Trade Working Capital 9M 2020 FY 2019 Change Non-current assets 2,111.6 2,448.2 [€ million] Inventories 468.1 496.5 Non-recourse factoring 0.0 14.1 (14.1) Trade & Other receivables 118.6 111.0 Inventories (A) 468.1 496.5 (28.
Slide 17: Closing Remarks
DiA GAZPACHO $52 ; f~ Closing Remarks WORE GAZPACHO @ GAZPACHO +suave + GAZPACHO FRESCO sepa >|
Slide 18: Closing Remarks
Continued positive progression of topline performance demonstrating benefits of ongoing transformation Improved financial metrics allow to focus on key strategic pillars including improved in-store operations and experience with more fresh produce, delivering an attractive commercial value propo
Slide 19: Investor Relations contact
Investor Relations contact Communications contact Miren Sotomayor Lara Vadillo investor.relations@diagroup.com comunicacion@diagroup.com
Distribuidora Internacional de Alimentación, S.A. (DIA) — Q3 2020 Earnings Presentation on 6ix